Ukraine’s international reserves have grown to over $28.5 billion, which is 12.6% more than as of December 1, 2020 ($25.3 billion), Head of the Council of the National Bank of Ukraine (NBU) Bohdan Danylyshyn has said. “The international reserves of the NBU on December 28 remained at a level close to an eight-year high – … Read more
The Unified Export Web Portal has appeared on the Diia.Business platform. It is already running in test mode at the link. This is a “single window” that consolidates and merges all available information for exporters and companies interested in exports, the Ministry of Digital Transformation reports. Export web platforms are effective tools used by governments … Read more
The Board of the National Bank of Ukraine has decided to keep its key policy rate at 6% per annum. The NBU expects inflation, which increased to 3.8% in November, into the target corridor of 5% +/- 1 pp at the end of the year and further growth in consumer prices in the following months, … Read more
The drop in the gross domestic product (GDP) of Ukraine in the third quarter of 2020 was 3.5% compared to the same period in 2019, while in the second quarter the decline was 11.4%, and in the first 1.3%, this preliminary estimate was published by the State Statistics Service. According to the report, in relation … Read more
The international rating agency Standard & Poor’s Global Ratings continues to classify the Ukrainian banking sector as Group 10 in terms of the level of industry and country risks (Banking Industry Country Risk Assessment – BICRA), S&P said in a statement on Tuesday. According to it, the level of economic risk in the Ukrainian banking … Read more
Fitch Ratings has assigned the City of Kyiv’s upcoming domestic bond issue an expected Long-Term Rating of ‘B(EXP)’, Fitch said on its website. “Kyiv’s bond issue rating is equalised with the city’s Long-Term Issuer Default Rating since the bond will be a senior, unsecured obligation and rank pari passu with the city’s other senior unsecured … Read more
The National Bank of Ukraine (NBU) has improved its inflation forecast for 2020 from 4.7% (in the July forecast) to 4.1%, while worsened it for the next year from 5.5% to 6.5%. “Considering the weak dynamics of consumer prices in Q3, the NBU has revised its annual inflation forecast downward, to 4.1%… Consumer inflation will … Read more
The Board of the National Bank of Ukraine (NBU) has decided to leave its key policy rate unchanged at 6%, according to a posting on the website of the central bank on Thursday. “The Board of the National Bank of Ukraine has decided to keep its key policy rate at 6% per annum. The sustained … Read more
The drop in the gross domestic product (GDP) of Ukraine slowed to 5.8% for 8 months of 2020. Some industries have even shown growth. The Review of economic activity from January to August 2020 shows it on the website of the Ministry of Economy. They report that in August, with continuing adaptive quarantine, almost all … Read more
J.P. Morgan predicts an economic recession in Ukraine with GDP fall of 4% in 2020, with an average annual inflation of 2.6% (3.5% at the end of the year) and with a sharp rise in the current account surplus of the balance of payments to 5.7% of GDP, according to a review issued on September … Read more